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The properties are the 422-room InterContinental Buckhead Atlanta and the 237-room Sofitel Washington DC Lafayette Square.
This year investors should not count on significant appreciation returns, but expect that income returns will remain steady.
C&W projects pressure to remain high on industrial occupancy and rent growth levels across North America.
The properties are located in Florida cities of Naples, St. Petersburg and Clearwaters as well as one in Greenville, SC.
Rents will be around $2,000 per unit on units averaging just under 1,100 square feet.
A Miami-Dade circuit judge sides with New York investor Louis Taic, who claimed he was induced to buy into a financially ailing South Beach venture with a misleading balance sheet.
The branded hotels will be in Phoenix, Austin, Chicago, Denver, Las Vegas, San Francisco, San Jose and Seattle.
"It is clear that investors are basing values much more off of in-place cash-flow versus future upside."
Despite a strong economy, affordability and construction costs remain a concern.
This investment marks Canyon's third joint venture equity investment into opportunity zones, and second investment in partnership with Fore.